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Think You Were Missold Your Endowment Complain Now!!!! [CLOSED]

MSE_Martin · 2005-07-19 10:55:09

This thread has now closed. Please use this new thread to continue the discussion. If your endowment was missold (meaning not just that it will underperform, but you weren’t told it may underperform or were incorrectly advised) then the time is running out to make a complaint and get compensation. This site isn't really…

Comments

dunstonh Posts: 120,603 Forumite

1 April 2009 at 8:09AM

Would anyone like to suggest what I can do now, I am so worried.

If you are that worried then you should cash it in, pay the value off the mortgage and switch to repayment basis.

Switching to "secure" funds (although a 10% loss suggests cautious more than secure) is likely to worsen the problem, not cure it as the potential for returns over the next 6 years is likely to be on the medium to higher risk funds. Secure funds are less likely to hit the target growth rate.

I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.

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